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Turning Collective Dreams into Reality

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What is a Group Loan?

A Group Loan from NTC Finance is a unique financial solution designed to cater to self-help groups and joint liability groups. This loan allows a group of individuals to borrow collectively, sharing the responsibility of loan repayment among them. It’s an excellent way for groups who may not have individual collateral to access financial services. With competitive interest rates, flexible repayment options, and a focus on community development, NTC Finance’s Group Loan is a reliable and effective way to meet the financial needs of your group.

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Eligibility Criteria for Our Group Loan

Thinking about the required documents for availing a Group Loan? Check the eligibility criteria based on your employment type and experience easy documentation. You should meet the below mentioned eligibility criteria before applying for a Loan.

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Nationality
Indian
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Age
21 - 58 years*
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Group Members
5-10 peoples

Documents required to Apply for our Group Loan

Type Document
ID and Signature Proof Copy of Voter ID/Driving Licence/Aadhaar Card/PAN Card/Passport
Age Proof PAN Card
Address Proof Copy of Ration Card/Passport/Electricity Bill
Other Documents Bank Statement or Passbook

Let's Talk about Group Loan

For additional information regarding Group loan, kindly visit our nearby branch or send us a message.

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Frequently Asked Questions

Most asked questions about our Business Loan
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A Group Loan is a financial solution provided by NTC Finance that allows a group of individuals to borrow collectively. The group members co-guarantee each other’s loans, making it an excellent solution for groups who may not have individual collateral.

The eligibility criteria include age (usually between 21 and 58 years), The group members also need to provide valid identification, address proof.

Any cohesive group of individuals (5-10 members), often from the same community or area, who are willing to co-guarantee each other’s loans can apply. The group should be involved in a legitimate business activity.

If the loan is not repaid within the agreed tenure, it could affect the group members’ credit scores and future loan eligibility.